Shares of DiamondRock Hospitality Co. (NYSE:DRH) saw strong trading volume on Tuesday . 2,891,203 shares traded hands during mid-day trading, a decline of 10% from the previous session’s volume of 3,216,378 shares.The stock last traded at $9.80 and had previously closed at $9.73.

A number of equities analysts have recently commented on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $11.00 price target on shares of DiamondRock Hospitality in a research report on Sunday, June 26th. Credit Suisse Group AG reissued an “outperform” rating and issued a $10.50 price target (up previously from $9.50) on shares of DiamondRock Hospitality in a research report on Wednesday, March 23rd. Janney Montgomery Scott assumed coverage on shares of DiamondRock Hospitality in a research report on Monday, May 23rd. They issued a “neutral” rating and a $9.50 price target on the stock. Stifel Nicolaus assumed coverage on shares of DiamondRock Hospitality in a research report on Tuesday, March 29th. They issued a “hold” rating on the stock. Finally, Canaccord Genuity reissued a “buy” rating and issued a $12.00 price target on shares of DiamondRock Hospitality in a research report on Friday, May 6th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $11.27.

The firm has a market cap of $1.99 billion and a PE ratio of 21.64. The firm has a 50 day moving average price of $9.24 and a 200-day moving average price of $9.08.

DiamondRock Hospitality (NYSE:DRH) last announced its quarterly earnings data on Friday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $213.03 million for the quarter, compared to the consensus estimate of $219.15 million. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS. Analysts forecast that DiamondRock Hospitality Co. will post $1.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 12th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date was Tuesday, June 28th.

Several large investors recently made changes to their positions in the company. State of Tennessee Treasury Department bought a new stake in shares of DiamondRock Hospitality during the fourth quarter worth about $1,499,000. Victory Capital Management Inc. boosted its stake in shares of DiamondRock Hospitality by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,696,961 shares of the real estate investment trust’s stock worth $26,026,000 after buying an additional 115,317 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of DiamondRock Hospitality by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 371,990 shares of the real estate investment trust’s stock worth $3,590,000 after buying an additional 6,017 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of DiamondRock Hospitality by 11.4% in the fourth quarter. Teacher Retirement System of Texas now owns 409,190 shares of the real estate investment trust’s stock worth $3,949,000 after buying an additional 41,938 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of DiamondRock Hospitality by 183.0% in the fourth quarter. Sei Investments Co. now owns 226,781 shares of the real estate investment trust’s stock worth $2,188,000 after buying an additional 146,655 shares in the last quarter.

DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States.

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